Friday, December 13, 2013

Deloitte, Frontier Capital lead deals

The Charlotte investment bankers at Deloitte Corporate Finance said Thursday they advised on the sale of healthcare consulting company KLMK Group from Azalea Capital to CBRE Group. Terms were not disclosed. Azalea Capital is based in Greenville, S.C.

In a separate deal,  the Charlotte private equity firm Frontier Capital said it took the lead in a $16 million Series B round for, a company that helps publishers manage advertising data.

ALLIANCE BANK & TRUST INKS DEAL WITH PRIVATE ASSET MANAGER: The Gastonia community bank has made a pact with a private asset manager up the road in Belmont. R.J. Schrift Private Asset Management services will now be available to Alliance customers.

BANK ROBBERIES ON THE DECLINE: The state bankers association held its annual bank robbery awareness conference Thursday and law enforcement gave some good news -- the number of heists at North Carolina banks fell this year.

BANK OF AMERICA STADIUM HAS NEW WI-FI: There are now 645 new wireless access points in the stadium, courtesy of AT&T. An NBC Charlotte reporter shares that they're actually hidden in the handrails. Anyway, the upshot is that fans taking selfies in the back row will now be able to upload them a lot quicker. Yeah, I've done it, too.

***This is a preview of our morning email newsletter -- the Bank Watch Morning Report. Find out more here.***